Liaison Office Can Do Any Legal Trade: Carrie Lam
"); jQuery("#212 h3").html("
"); });
2018-05-29 HKT 11:39
Share this story
Chief Executive Carrie Lam said on Tuesday that Beijing's liaison office here can carry out any relevant business it wishes as long as it is legal.
Lam was responding to an RTHK report which confirmed the office has indirect ownership of the local publishing conglomerate, Sino United Publishing Holdings Limited, which runs more than half of the city's bookstores.
When asked whether this arrangement goes against the "One Country, Two Systems principle", Lam said the office could do other work related to its operational objectives, provided it was within the law.
Lam also said one shouldn't interfere with the work of the liaison office.
Hong Kong Fund Industry May Double With Tokenised Finance And 24/7 Trading Access
Hong Kong could potentially double the size of its fund industry by moving from legacy infrastructure to token-based fi... Read more
HKMA Alerts Public To Scam Website And Login Screens Posing As Official Site
The Hong Kong Monetary Authority (HKMA) has issued a public alert regarding a fraudulent website and online login scree... Read more
Hong Kong Fintech Promotion Blueprint Indicates 4 Incoming Flagship Projects
The Hong Kong Monetary Authority (HKMA) released the Hong Kong Fintech Promotion Blueprint on 3 February 2025, which sh... Read more
Visa To Enable Cross-Border Payments To 95% Of UnionPay Cardholders In China
At Web Summit Qatar, Visa and UnionPay International (UPI) announced an agreement to enable cross-border money transfer... Read more
HKMA Launches Fintech Blueprint With AI, DLT, Quantum And Cybersecurity Focus
The Hong Kong Monetary Authority (HKMA) published a Fintech Promotion Blueprint to support responsible innovation and f... Read more
How Gaming Giants Are Redefining The Experience Of Paying
Gaming isn’t just a hobby; it’s a global infrastructure challenge. In this episode Vincent Fong (Chief Editor, Fint... Read more